I understand liability, but when it comes to the actual property it seems to be that making a claim is a long shot, the deductible is usually large enough to cover repairs due to problems that nature occurs.

Everything I found actually showed it was a significant cost.

I actually do have questions about wholesaling.  

The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.

Redfin seems pretty good actually.

I actually bought a 4 unit a mile away for $45,000 last year but that needed about 30K worth of work so I feel this is about right as this one is turn key with no repairs needed.The seller financing deal - Sales price $63,500Cash at close from me $50004 year note @ 4% for remainder ($58,500), monthly payment of $1000 with balloon at the end, no prepayment penalties.Monthly projectionsIncome =     $2200Expense=    $220 management                     $220 CAPEX = No problems yet but "Unknown age" on the roof and owner has had property for 20 years                     $480 Insurance/taxes = Total taxes for 2017 were $4982 on assessed value of $78000 plus $600 a year for insurance

We bought it at a 7+ cap so sale price was essentially price adjusted for the assumption.I would run two scenarios get the actually yield maintenance $ amount and add it to the purchase price and see what your model looks like after placing new debt and what your model looks like if the lender will give you a supplemental.What's your exit strategy and timeline?

So buying without seeing the actual neighborhood would be a little bit concerning for me, but if you've got good people it shouldn't be an issue.This seems to be less of a concern when you get to the suburbs or whatever you want to call the areas outside of 465.

We actually own the land and building structure so we are responsible for all repairs.How hot is the rental market in that area?

Actual transfers of property are recorded in each county registry of deeds, normally the day of closing, or the day after.